The negativity surrounding Suncity continues to pressure junket VIPs, as some agents withdraw some funds and some VIP players delay visiting Macau,\u201d Bernstein analysts said last month. \u201cOverall, negativity surrounding the geopolitical and macro situation continues to have impact on GGR.\u201d<\/p><\/blockquote>\n
In mid-July, Alvin Chau, the CEO of Suncity Group, apologized to China for running online gambling operations from the Philippines and Cambodia that targeted Chinese citizens. Suncity has denied many allegations.<\/p>\n
Macau GGR was disappointing in August, as casino win stumbled 8.6 percent to $3.01 billion. Through eight months of 2019, the Macau gaming industry was down two percent, with revenue at $24.5 billion.<\/p>\n
Macau Less Dependent on VIPs<\/h2>\n
Overall market share in Macau is now less dependent on VIPs and more reliant on mass market play. In Deutsche Bank\u2019s<\/a> recent analysis, the industry share percentages highlight the reduced importance of the high roller.<\/p>\nGalaxy still controls the largest share of VIP casino revenue at 25.2 percent, but Sands is fourth at 16.2 percent. Wynn Macau (19.9 percent) and Melco Resorts (17.4 percent) both command more high rollers than the largest overall Macau market shareholder.<\/p>\n","protected":false},"excerpt":{"rendered":"
NagaCorp — led by the NagaWorld casino in Phnom Penh, Cambodia — is projected to see 30 percent growth in VIP gaming during 2019, analysts CGS-CIMB reported in a recent note. That compares to Macau, the Chinese gambling hub, which is likely to see a drop in the mid-teens for the VIP segment. NagaWorld uses […]<\/p>\n","protected":false},"author":44,"featured_media":115311,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,18],"tags":[],"acf":[],"yoast_head":"\n
Cambodia's NagaWorld Continues Outperforming Macau in VIP Gambling<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n